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Watch: Hundreds of Baby Olive Ridley Turtles Make Their Way to Sea in Odisha amid Lockdown

Videos of a huge number of baby Olive Ridley turtles moving towards the sea after a few days of hatching has taken the internet by a storm.




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Punjab Lost Rs 1,200-1,700 Crore of GDP Due to Covid-19 Lockdown, Says State Task force

Punjab Chief Minister Amarinder Singh set up the task force to find ways for the state to gradually get out of the unprecedented lockdown that is still in place to fight the coronavirus pandemic.




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Industry Dialogue: It is Not True That Employees Working From Home Are Lazying Around

If you’re still unsure whether remote work can work for your business, you may not have had a choice, during the COVID-19 pandemic. Now is the time to assure employees that you not only care about but also trust them—that you have their best interests at heart.




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BP Announces $4.4 Billion Quarterly Loss as Oil Prices Crash Amid Coronavirus Pandemic

BP said it planned to reduce cash costs by $2.5 billion by the end of 2021 relative to 2019. "Some of these cost savings may have associated restructuring charges," the company added.




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RBI Writes off Nearly Rs 69,000 Cr Loans, Including Those of Top Defaulters Mehul Choksi & Vijay Mallya

Absconding dimantaire Choksi's company Gitanjali Gems tops the list of these defaulters with a whopping amount of Rs 5,492 crore, according to the list.




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PNB Housing Appoints Neeraj Vyas as Interim MD and CEO

Vyas will be in the new role for a period of eight months, effective from April 28, according to a BSE filing by the company.




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Citing Economic Cost of Covid-19 Shutdown, Moody's Slashes India Growth Forecast to 0.2% for 2020

In its report titled Global Macro Outlook 2020-21 (April 2020 update), Moody's lowered G-20 advanced economies as a group to contract by 5.8 per cent in 2020.




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Oil Prices Climb as Storage Fills Less Rapidly than Feared

While storage is rapidly filling up, production cuts by US shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day for May and June, should help slow flows into tanks.




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With an Oil Barrel Costing Less Than a New York Pizza, Will the Industry Ever Recover?

Oil prices were declining even before the pandemic hit as producers flooded the market with more oil than the world could use.




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Sensex Jumps over 300 Points in Early Trade; Nifty Reclaims 9,400

HDFC was the top gainer in the Sensex pack, rallying nearly 5 per cent, followed by Bajaj Finance, HDFC Bank, Tech Mahindra, M&M, Reliance Industries and NTPC.




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Rupee Rises 34 Paise to 75.84 Against US Dollar in Early Trade

Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.




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Sensex Rallies 606 Points, Nifty Reclaims 9,500 as Banks, Financials Surge

Indian markets opened on positive note taking positive cues from its Asian peers and ahead of U S Federal Reserve's decision on interest rates amid ongoing coronavirus pandemic.




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Salary Cuts Imminent: Deloitte Says 27 of the Top 100 Firms on NSE Can't Sustain Wage Bill

A study by Deloitte found that 27 companies of the 100 listed on the NSE, won't be able to sustain current wage bill from cash profits, if their revenue dips by 30 per cent or more.




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Realty Check: Work-from-home Might Not Result in Shrinking of Office Spaces, Say Experts

The need for more space due to potential social distancing norms in the near and distant future, expert say, is likely to offset the space gained by people working from home.




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Axis Bank Shares Drop Nearly 4% after Q4 Net Loss

The scrip closed the day at Rs 438.85, 3.67 per cent lower at the BSE. During the day, it declined 6.15 per cent to Rs 427.50.




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Government Looking into Possibility of Building Smart Cities along Delhi-Mumbai Expressway: Nitin Gadkari

The Rs 1 lakh crore flagship Delhi-Mumbai Expressway project is scheduled to be completed within three years and and expected to cut down the travel time between Delhi and Mumbai to just 12 hours.




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SoftBank-backed Oyo to Offload More Loss-making Hotels Amid Pandemic: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.




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Coronavirus Crisis: With Rock-bottom Prices, Will The Oil Industry Recover?

The Energy Information Administration expects jet fuel use to fall 34% in the second quarter. In addition, the agency expects gasoline use to drop by 25% from April to June.




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Oil Prices Extend Rally as Coronavirus Worries Ease

Oil prices have plunged to historic lows in recent weeks as collapsing demand due to worldwide lockdowns prompted a massive glut and led to storage capacity filling up.




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Nifty, Sensex Soar on Covid-19 Drug Hopes, Set for Best Month Since 2009

The NSE Nifty 50 index advanced 3.11 per cent to 9,850.3 by 0455 GMT, while the benchmark S&P BSE Sensex was up 3.1 per cent at 33,734.26. Both indexes were on course for their fourth straight session of gains in a holiday shortened week.




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India's Scrap Gold Supplies Seen at Record High on Price Rally, Coronavirus, Says WGC

Rising scrap supplies amid a fall in demand could dent the world's second-biggest bullion consumer's imports and cap a rally in global prices, which hit a more than seven-year high earlier this month.




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Rupee Surges 63 Paise to 75.03 Against US Dollar in Early Trade

The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.




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Sensex Soars 997 Points Led by Gains in Energy, IT and Banking Stocks; Nifty Tops 9,850 Mark

After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.




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Mukesh Ambani to Forego Salary, RIL Board Members to Take Pay Cut amid Coronavirus Pandemic

In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.




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Infra Funding Requirement Pegged at Rs 111 Lakh Crore During 2020-25: Finance Ministry

The final report of the task force on NIP for 2019-2025 suggested steps like deepening bond markets, setting up of development financial institutions and land monetisation to meet the funding needs,




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JustDial Board Gives Nod to Rs 220 Crore Buyback Proposal at Rs 700 Per Share

In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.




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Hotel Industry Mulls Pay Cuts, Reducing Manpower to Tide over Lockdown Woes

Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.




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Glenmark Pharma Shares Trim Most of Early Gains, Close Over 2 % Higher

The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).




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Investor Wealth Jumps Rs 7.68 Lakh Crore in Four Days of Market Rally

Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62.




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Infrastructure Development Critical for Achieving $5 Trillion Economy by 2025: Report

The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.




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Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.




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NIP Task Force Calls for Boosting Private Investment in Highways at Rs 20.33 Lakh Crore by 2025

The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km.




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March GST Collection Sinks to Rs 28,309 Crore, Down From Rs 1.13 Lakh Crore Last Year

Government officials said that collection numbers present a worrying trend, given that normal business activities were underway till March 24 when a nationwide lockdown was announced.




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Covid-19: Fitch Downgrades Viability Ratings of SBI, BoB, ICICI and Axis Bank

The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.




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EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues

The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).




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Gold Gains on Bleak US Data, But En Route for 2% Weekly Fall

Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed.




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Financial Markets to Remain Shut for Maharashtra Day

All major financial markets in India will remain closed on Friday on account of Maharashtra Day.




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Bank Holidays in May 2020: Check Full List Here

With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday.




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Lockdown Period, Global Recession & Changes in Consumer Behaviour to Shape Economic Activity: Report

According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.




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Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation

The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi.




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Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder

The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.




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Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.




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Sugar Output Falls 20% in October-April; Last 2 Months Sales Dip by 10 Lakh Tonne Due to Lockdown

Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.




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​​​Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll

On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.




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CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19

SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.




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Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet

The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.




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Yes Bank Appoints Neeraj Dhawan as Chief Risk Officer for Three Years

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.




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Moneycontrol Pro Completes a Year, Aims to Offer More Value to Its Subscribers

The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year.




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As Moneycontrol Pro Turns 1, A Note to Readers from The Opinion Team

It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty.




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Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard

A year earlier, the conglomerate reported profits of $15.5 billion.